There were 224 foreclosures filed in Franklin Park in 2012. That dropped to 129 in 2013. Those numbers are according to the Woodstock Institute, a research and advocacy nonprofit in Chicago that works on fair lending, wealth creation and...
140227_usbank_woodstock_comment.pdf This letter urges the Office of the Comptroller of the Currency (OCC) to consider how the proposed acquisition of Chicago Charter One branches by U.S. Bank would create a public benefit, especially to traditionally underserved low- and moderate-income...
Foreclosures have been a drag on the market for the past several years, as homeowners and lenders dump distressed homes and condominiums at discounted prices, undercutting homeowners trying to sell down the block or a few floors away. While...
This legislation (HR 3193) could roll back the hard work consumer advocates have done to keep the CFPB a strong, independent regulator that puts consumers' interests first. Read the letter to oppose HR 3193 Sign on to the letter...
New York Attorney General Eric Schneiderman says he plans to introduce legislation to get banks and mortgagees to better maintain the vacant properties. He wants to double the number of nonprofit land banks that can buy abandoned and foreclosed...
He wants to double the number of nonprofit land banks that can buy abandoned and foreclosed homes and rehab or demolish them, HousingWire reports. New York isn’t alone in being haunted by the “zombie property” epidemic. As of mid-2013,...
That's based on newly-released figures from the Woodstock Institute. The decline in Evanston was just one-tenth of a percentage point higher than the drop for Cook County as a whole. There were 172 foreclosure filings in Evanston last year,...
According to a recent report from the Woodstock Institute, if the trend continues, there will be an additional 7,200 zombie properties in Cook County, including nearly 3,200 in the city of Chicago, by 2015. “Zombie properties will make it...
foreclosurefactsheet_2H2013_woodstock Aggregated by community area, ward, suburban region, and municipality, Woodstock’s second half 2013 foreclosure update offers community stakeholders the information they need to understand the scope of the problem and measure the success of their efforts.
New foreclosure filings in the Chicago six county region dropped more than 40 percent in 2013, reaching the lowest level since 2007, new data from Woodstock Institute show. Completed foreclosure auctions in the region dropped slightly, but continue to...